Willamette Valley MLS Monthly Statistics February 2009

Page 1

Valley Real Estate Review Active Offices

February Active Listings

2008

2009 2009

6,893

% of Change

7,163

3.9%

2001 2002 2003 2004 2005

332 338 359 392 442

Combined Sales Force 1,380 1,395 1,488 1,618 1,898

2006

487

2,131

16,585

10,587

$2,435,687,568

2007

505

2,194

18,425

8,899

$2,226,574,295

2008

481

1,898

16,957

5,954

$1,433,604,120

480

1,805

2,336

578

$132,064,908

2009 YTD

Total Listing Issued 14,233 13,869 14,377 15,105 15,307

Total Annual Sales 7,877 8,202 9,084 9,894 11,576

Total Annual Dollar Volume $1,152,263,314 $1,225,870,920 $1,468,312,025 $1,761,745,381 $2,302,562,120

1985 to 2009 (2009 year to date) Average Sales Prices (all types, all areas) 300,000 250,000 200,000 150,000 100,000 50,000 0

1985

1986

1987

1988

1989

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

53,582 53,279 53,547 57,263 62,968 66,718 72,002 78,723 86,339 98,379 107,670 117,470 127,493 136,601 140,886 144,482 146,282 149,460 161,637 179,917 198,908 230,064 250,205 240,780 228,486

2008 to 1997 Closed Sales by Month

1400 1200 1000 800 600 400 200 0 JAN 311 380 646 800 808 510 568 559 415 454 566 457 521

FEB 267 421 676 737 656 575 550 498 442 455 423 477 414

MAR

APR

MAY

JUNE

JULY

AUG

SEPT

OCT

NOV

DEC

541 714 917 920 761 723 657 653 635 625 620 569

565 837 826 845 839 732 693 632 611 660 770 559

577 924 1025 1001 838 800 748 757 661 617 699 747

551 916 1064 1101 1027 795 825 757 733 819 824 709

617 871 937 1047 921 862 726 758 638 743 802 816

528 889 1077 1143 991 879 759 760 674 892 757 743

528 685 896 1195 901 914 733 687 605 744 680 883

502 675 882 1017 829 930 740 821 635 709 713 769

386 543 765 971 680 665 643 562 617 579 571 593

358 523 671 823 764 670 621 652 534 657 593 527

Number of Sales (year to date)

Number of Sales Year to date

2000 1537 1464 1322

1500 989 1000 935 934 909 857

105711181085

Percent Increase/ Decrease From Previous Year

Total Annual Dollar Volume 3000 2500 2000

801 578

500

0 1997 1999 2001 2003 2005 2007 2009 1998 2000 2002 2004 2006 2008

2002 2003 2004 2005 2006 2007 2008 2009

23.34% 5.77% -2.95% 34.93% 4.99% -13.99% -39.41% -27.84%

Millions

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997

2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997

1500 1000 500 0

1994 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008


Residential Average Sales Prices by Area (Year to Date)

Top Sales Terms (Year to Date)

350

300

300

Thousands

400

200

100

250 200 150

% Chg = Percent of change from previous year

AREA

Keizer 10 Central 20 SubEast 30 SubEast 35 Southeast 40 South 50 West 60 Benton 70 Linn 80 Marion 90 Polk 95 Total Average

OS

90 Marion

95

80 Linn

Polk

70

60 West

Benton

50 South

Southeast 40

SubEast 35

SubEast 30

CNV CSH FHA VA 1TD LSC 340 122 68 29 5 10

Central 20

100

Keizer 10

0

Residential Average Sales Prices by Area

2005

% Chg 04/ 2005

2006

% Chg 05/ 2006

2007

% Chg 06/ 2007

2008

% Chg 07/ 2008

2009 Year to Date

$189,658

11.0%

$225,355

18.82%

$229,379

1.79%

$231,879

1.1%

$240,645

128,012

12.0%

154,369

20.59%

157,079

1.76%

153,849

-2.1%

132,291

159,430

7.8%

180,207

13.03%

206,858

14.79%

191,029

-7.7%

176,179

142,444

9.8%

162,865

14.34%

199,803

22.68%

192,505

-3.7%

225,590

207,514

14.5%

243,589

17.38%

276,266

13.41%

256,201

-7.3%

227,617

217,470

12.2%

262,437

20.68%

311,226

18.59%

288,442

-7.3%

238,598

233,278

18.3%

275,932

18.28%

294,995

6.91%

257,827

-12.6%

278,933

230,087

5.3%

273,058

18.68%

306,557

12.27%

299,687

-2.2%

303,036

145,597

14.8%

167,923

15.33%

194,920

16.08%

191,847

-1.6%

186,128

174,232

10.5%

209,524

20.26%

249,100

18.89%

231,951

-6.9%

231,954

165,458

10.3%

189,622

14.60%

232,396

22.56%

222,252

-4.4%

194,402

$199,754

10.9%

$232,943

16.61%

$249,203

6.98%

$240,406

-3.5%

$229,713


February 2009

New Contruction Statistics A member owned cooperative MLS Since 1949 New Construction Residential

Area 10 Keizer

Units Sold 12 Mos to date

39

Average Sales Price

Area 30 Suburban NE

Area 35 Suburban SE

Area 40 SE Salem

Area 50 South Salem

Area 60 West Salem

Area 70 Benton County

Area 80 Linn County

Area 90 Marion County

Area 95 Polk County

2

7

16

94

30

60

74

213

91

50

$263,571

$200,000

$244,790

$216,921

$290,854

$387,360

$314,988

$350,696

$216,988

$276,995

$258,407

Average Square Footage

1,967

1,546

1,793

1,498

2,241

2,641

2,489

2,295

1,681

1,900

1,949

Average Cost per Square Foot

$134.00

$129.00

$137.00

$145.00

$130.00

$147.00

$127.00

$153.00

$129.00

$146.00

$133.00

Average Day on the Market

173

140

181

81

140

266

189

212

180

153

162

Currently Active Listings

20

111

6

20

110

57

75

72

133

101

31

New Construction Residential

Area 20 Central Salem

Sales 2004

Sales 2005

Sales 2006

Sales 2007

Sales 2008

Currently Active

Currently Pending

Units

1,512

2,047

1,812

1,426

864

797

74

Average Price

$199,604

$230,791

$262,089

$286,090

$275,896

$309,172

$262,346

Average Square Footage

1,775

1,905

1,929

2,013

1,995

1,977

2,094

Average Cost per Square Foot

$112.00

$121.00

$136.00

$142.00

$138.00

$156.00

$125.00

Average Days on the Market

153

151

162

174

183

191

126

Equal Housing Opportunity

Many factors contribute to fluctuations in data users should analyze over an extended period to ascertain market trends. copyright 2009 WVMLS all rights reserved


Residential Sales by Number of Bedrooms

643

2,953

989

190

$158,248

$224,893

$299,006

$348,683

1,116

1,590

2,282

2,918

$142.00

$141.00

$131.00

$119.00

116

125

144

160

582

2,553

1,078

234

Units Sold

5 Bedrooms

5 Bedrooms

4 Bedrooms

4 Bedrooms

3 Bedrooms

3 Bedrooms

2 Bedrooms

Number Sold 12 Months Average Sales Price Av. Square Footage Average Cost Square Foot Days on Market Active on the Market

2 Bedrooms

700 Sold Listings Days on Mkt Currently Active

600 500 400 300 200 100 0

40-49999 50-59999 60-69999 70-79999 80-89999 90-99999 100-109999 110-119999 120-129999 130-139999 140-149999 150-159999 160-169999 170-179999 180-189999 190-199999 200-224999 225-249999 250-274999 275-299999 300-349999 350-399999 400-449999 450-499999 500-749999 750-999999 1000000+

Units Sold / Days on Market/Active

Residential Listings by Price Range 12 Mos

Price Ranges


Residential Sold Price Analysis A R E A

2007 Units Sold

2007 Dollar Volume

2008 Units Sold

2008 Dollar Volume

2009 Units Sold YTD

Active on the Mkt

10

412

$94504001

323

$74897020

31

193

20

344

54035257

274

42154634

23

30

394

81502005

224

42790668

35

348

69531312

188

40

703

194214790

50

296

60

2009 Dollar Volume YTD

Original Average List Price

Average Sales Price

% Sale to List

Days on the Mkt

Average Square Footage

Price Per Square Foot

$7460020

$263911

$240645

91.1

147

1983

$121.00

283

3042700

145536

132291

90.8

97

1324

100.00

31

171

5461557

197388

176179

89.2

112

1513

116.00

36190994

23

176

5188585

247765

225590

91.0

124

1870

121.00

524

134249831

58

454

13201815

248977

227617

91.4

119

1888

121.00

92122984

239

68937767

16

256

3817570

268772

238598

88.7

217

2042

117.00

454

133927944

359

92560017

40

352

11157324

315211

278933

88.4

130

2609

107.00

70

856

262412624

694

207983358

64

512

19394326

331386

303036

91.4

142

2081

146.00

80

1558

303684845

1001

192039504

101

952

18799009

203083

186128

91.6

132

1551

120.00

90

963

239883006

544

126181680

56

609

12989438

267150

231954

86.8

146

1826

127.00

95

575

133627769

351

78010797

42

297

8164887

213654

194402

90.9

132

1683

116.00

OS

476

151019711

298

91182903

24

316

7262200

333238

302591

90.8

143

1838

165.00

New Listings by the Month 2500

Percent of Sales Price to List Price

100

2000 2002

1500

91.1 90.8 89.2

91.4 88.7 88.4 91.4 91.6 90.9 90.8 86.8

91

80

2003

MAR 1285 1199 1412 1397 1395 1664 1609

APR 1273 1296 1272 1386 1323 1699 1639

MAY 1275 1211 1402 1367 1610 1980 1535

JUN 1160 1380 1367 1544 1781 2022 1647

JUL 1277 1419 1393 1311 1557 1655 1708

AUG 1247 1195 1350 1510 1661 1780 1343

SEP 1122 1156 1094 1376 1452 1429 1414

OCT 1156 1237 1110 1171 1549 1571 1278

NOV 972 876 1041 1053 1176 1185 1039

DEC 701 935 841 843 834 819 799

0

2008 2009

Area OS

FEB 1022 1291 1188 1129 1130 1327 1573 1160

Area 95

JAN 1271 1182 873 1231 1117 1284 1373 1176

Area 90

2002 2003 2004 2005 2006 2007 2008 2009

Area 80

20

2007

Area 70

2006

Area 60

0

Area 50

40

Area 40

2005

Area 35

500

Area 30

60

Area 20

2004

Area 10

1000

Average Days on the Market Average Sales Price Per Square Foot By Area Including Lot

250 217

200

200

150 147 97

100

130

124 119 112

142

132

146

132

165

143

146

150 121

100

116 100

121

121

117

120 107

127

116

50 Area OS

Area 95

Area 90

Area 80

Area 70

Area 60

Area 50

Area 40

Area 35

Area 30

Area 20

50 Area 10

0

0 Area 10 Area 30 Area 40 Area 60 Area 80 Area 95 Area 20 Area 35 Area 50 Area 70 Area 90 Area OS


3421 25th St. SE Salem, Oregon 97302-1122 (503) 399-8657 1 800 944-3138 The Statistics presented in this update are compiled by the WVMLS. Statistics reflect sales made by member offices for properties listed in the Willamette Valley, Oregon. Many factors contribute to fluctuations in data. Users of this report should analyze data over an extended period to ascertain market trends. Information is deemed reliable but not guaranteed. Copyright 2009 WVMLS All rights reserved Executive Vice President/Editor Jay A. Gordon We welcome your comments and suggestions.

1999 to 2009 Ytd Residential Average/Median Sales Prices 300,000 250,000

Equal Housing Opportunity

All statistical reports are available on the web at WVMLS.COM

200,000 150,000 100,000 50,000

AREAS: Keizer

0

#

1999

10

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

140,886 144,482 146,282 153,589 164,103 180,172 199,754 232,943 249,203 240,406 229,713

Central Salem

20

Suburban East

30

Suburban SE

35

Southeast Salem

40

South Salem

50

West Salem

60

Benton County

70

Linn County

80

Marion County

90

Polk County

95

127,000 129,900 135,000 138,555 147,273 156,900 172,400 199,900 217,000 210,000 199,995

Factoid: The average new home sold in the Willamette Valley is a 3 bedroom, 2 bath with 2,042 square feet plus a 2 car garage. The average cost per square foot for a new home is $141.00 including a 7,000 square foot lot. Closed Sales January 2009 Full Year 2008 January 2008 Full Year 2007

New Listings

Pending Listings

311

1,176

541

Average Sales Price $222,427

% List Price to Sales Price 95.50%

5954

16957

4,056

$240,780

96.50%

380

1,373

502

$224,752

97.06%

8,899

18,425

5,889

$250,205

97.62%


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